Analysts Set Miami International Holdings, Inc. (NYSE:MIAX) Price Target at $47.20

by · The Markets Daily

Shares of Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $47.20.

A number of equities research analysts recently issued reports on the company. Raymond James Financial started coverage on Miami International in a research note on Monday, September 8th. They issued a “market perform” rating on the stock. Morgan Stanley upped their price objective on Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price objective on Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Piper Sandler raised their price target on shares of Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th.

Check Out Our Latest Report on MIAX

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MIAX. National Bank of Canada FI purchased a new stake in shares of Miami International in the third quarter valued at $29,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Miami International in the 3rd quarter worth about $101,000. Texas Yale Capital Corp. purchased a new stake in Miami International in the 3rd quarter valued at about $201,000. Sandia Investment Management LP acquired a new position in shares of Miami International during the 3rd quarter valued at about $266,000. Finally, Limestone Investment Advisors LP purchased a new position in shares of Miami International during the 3rd quarter worth about $278,000.

Miami International Stock Performance

Shares of NYSE MIAX opened at $44.59 on Wednesday. The company has a 50-day simple moving average of $44.70. Miami International has a 52 week low of $28.63 and a 52 week high of $51.38.

Miami International (NYSE:MIAX – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year.

About Miami International

(Get Free Report)

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.

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